AzharSyed

AzharSyed

Buy on breakout above 330, medium to long term with high RR

AzharSyed

The primary trend in the NIfty 50 index According to Dow theory is down, forming HL and LL, projections by end of Feb-Mar 2023 or before it shall once take support for the previous resistances near 13700-13900. View invalidates if we get a weekly close above 18150

AzharSyed

#CNXSMALL CAP each time index gave a fresh ATH breakout after consolidation there was a good up move for next 3-4 months. Currently index came out of consolidation zone. We can expect ~30% move from current levels. Scrap views if index goes below 10350

AzharSyed

Usually technical analysis is done on specific index and try to find trend and levels. Which needs individual tracking again and makes difficult to make quick decisions and execute them. Here I have combined NIFTY, NIFTY MIDCAP and NIFTY SMALLCAP charts to get a clear picture of the overall markets. Trend lines and support zones are drawn in the charts, you can...

AzharSyed

Past 3 months USDINR is forming HIgher Lows indicating initial strength in the index, confirmation of strength and up move can be made once Higher high formation starts. Any closing above 75.70 will trigger the up move here with Mid term Targets of 78.33, 80.42 and 81.66. Long term Fibonacchi targets - 79.8, 84.4, 89. Stop Loss is 73.35, if USDINR closes below SL...

AzharSyed

Sequent near its demand zone, can accumulate in the range 145-160, with SL of 135 on a weekly closing basis

AzharSyed

Strength building up on chats, Slight demand form support and making Higher lows. RSI crossing above 50 and RS wrt to nifty is higher. Once closes Above 44500 shall be bullish for the script

AzharSyed

A weekly close above 910 in SunPhama can be very bullish and very strong movement can be seen

AzharSyed

#GOLD Monthly chart 1994 to 2004 10 years of consolidation (with rounded bottom pattern) and then 350%+ 6 years. Again under consolidation from 2011 to 2021 with rounded bottom pattern Looks like ready for up move again

AzharSyed

#CNXSMALLCAP, Small cap index on verge of giving a fresh breakout over ATH, Weekly closing of index above 9700 shall confirm the breakout. Once done out performance in small cap stocks can be seen. Index has Fibonacci targets of 13500 and 19800 on long term

AzharSyed

#RELIANCE, consolidating from last 7-8 months and forming symmetrical triangle pattern, can keep accumulate near lower support line (1880-1930) and can add more after breakout from pattern or above closing above 2250. Expected Targets 2350, 2700 and 3200 on Long term. SL 1780 May take few weeks to Months for breakout recommended to accumulate at lower levels

AzharSyed

Currently near resistance area, bullish above 2500 with SL 1900

AzharSyed

Bullish above 290, support near 240 and Sl near 220

AzharSyed

Bullish only above 210, supports near 150-160 with SL 137

AzharSyed

Bullish view above closing 45 with support lying near 32-34

AzharSyed

Positive as long as above 400 below it looks weak

AzharSyed

Looks neural, Trend line Support near 520 levels Sl 470, Bullish view only once it crosses ATH

AzharSyed

Breakout on monthly charts, looks bullish